NN (NASDAQ:NNBR) Releases Earnings Results, Beats Estimates By $0.04 EPS

NN (NASDAQ:NNBR) released its quarterly earnings results on Wednesday. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04, Zacks reports. NN had a negative net margin of 8.05% and a negative return on equity of 10.61%. NN updated its FY 2025 guidance to EPS.

NN Stock Performance

Shares of NASDAQ:NNBR traded down $0.01 on Wednesday, reaching $2.70. The company’s stock had a trading volume of 199,047 shares, compared to its average volume of 858,615. NN has a 52-week low of $2.38 and a 52-week high of $5.20. The stock has a market capitalization of $134.85 million, a P/E ratio of -2.48, a PEG ratio of 2.01 and a beta of 2.98. The stock’s 50-day moving average is $3.06 and its two-hundred day moving average is $3.54. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18.

Insider Buying and Selling

In other NN news, major shareholder Corre Partners Management, Llc sold 427,630 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the completion of the sale, the insider now directly owns 810,567 shares of the company’s stock, valued at approximately $3,136,894.29. This trade represents a 34.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.85% of the company’s stock.

NN Company Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.